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Amit Kukreja, stock market analyst, questions at what yield level on the 10-year treasury bonds might bottom.
He observes that yields have reached 5.3 percent and speculates whether further increases to 5.5 or even 6 percent are needed before stabilization occurs. Kukreja also raises concerns about the possibility of refinancing $10T of U.S. debt at yields as high as 8 percent, indicating unease over future government borrowing costs.
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Kukreja has tracked several notable market developments in recent months. In May, he outlined how Apple led gains among the Mag 7 stocks this year, with Nvidia in second place and Tesla remaining the only member in negative territory. Earlier, he suggested that AVGO could reach $600 per share if earnings targets are met by fiscal year 2028.